Posted 2/16/2024, 12:00:00 PM
Companies Saw Economic Shifts Coming; Markets Should Have Listened
- Listen to earnings calls to get a forward-looking view of the economy from companies on the ground.
- Companies have the best real-time sense of economic turning points.
- People dismissed companies' inflation warnings in 2021 as transitory when they shouldn't have.
- Companies indicated over a year ago the US would avoid recession, though most predicted otherwise.
- Markets were overly exuberant late last year about potential Fed rate cuts starting in March.